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7/13
10:59
Svmuu News: Crypto journalist Eleanor Terrett posted on X that Patrick Witt, executive director of the White House Crypto Council, said this week would be a “crucial week” in the progress of the U.S. “CLARITY Act.” As the crypto industry prepares to mark the first anniversary of the GENIUS Act becoming law, the development of the U.S. digital asset regulatory framework has once again become the focus of market attention.
Patrick Witt noted that U.S. crypto policy is currently at a critical juncture, and the progress of the CLARITY Act will have a significant impact on the structure of the digital asset market, the division of regulatory responsibilities, and the future direction of the industry.
Previously, the CLARITY Act was regarded as one of the key pieces of legislation for establishing comprehensive regulatory rules for the U.S. cryptocurrency market, aiming to clarify the classification of digital assets, the authority of regulatory agencies, and compliance requirements for market participants.
Market observers believe that if the bill makes substantial progress, it could further enhance regulatory certainty for the U.S. cryptocurrency industry and influence the future strategic planning of exchanges, stablecoin issuers, and blockchain companies.
10:57
Svmuu News: Market pricing indicates that expectations of at least one interest rate hike by the Federal Reserve by September have been almost fully priced in, and two rate hikes by the end of March next year are also fully priced in.Earlier, Donald Trump announced on social media that the U.S. is reinstating sanctions against Iran and plans to impose a 20% levy on any cargo passing through the Strait of Hormuz. (Jin Shi)
10:45
Svmuu News: According to AXIOS, sources say the U.S. has not yet discussed with its regional allies the issue of potential tolls for passage through the Strait of Hormuz.
10:37
Svmuu News: Crypto journalist Eleanor Terrett posted on X that Donald Trump stated the Senate should pass the CLARITY Act in honor of Senator Lindsey Graham, noting that the late South Carolina Republican was a key supporter of the bill.
10:36
Svmuu News: Analyst Fiona posted on X, stating that given the recent situation in the semiconductor industry, the earnings reports to be released this week by companies such as TSMC, and ASML are particularly important. Today, TSMC reported that its June revenue increased by 67.9% year-over-year.FundaAI believes that TSMC’s gross margins for the second and third quarters are likely to exceed market expectations, with the second-quarter gross margin expected to reach 68.4%. It is projected that TSMC’s capacity expansion for advanced processes will accelerate significantly in 2027, partly due to ASML’s increased EUV production capacity.
10:33
Svmuu News: According to data from MSX.COM, losses in the U.S. semiconductor sector narrowed, with Micron’s stock falling 4.5% after earlier dropping 7.5%; SK Hynix’s stock fell 4.8% after earlier dropping more than 9%.
10:32
Svmuu News: Progmat, a Japanese digital asset issuance and management platform, has completed its migration to the Avalanche blockchain, transferring over 452 billion yen (approximately $2.7 billion) in security token assets from its original private, permissioned ledger to a dedicated Avalanche Layer 1 network.
Progmat stated that this migration was not merely a replacement of the underlying ledger, but rather a redesign of the platform’s architecture to eliminate the system’s reliance on a single blockchain, laying the foundation for future support of a multi-chain ecosystem.
During the migration, all existing smart contracts were transferred to the EVM environment while maintaining the functionality and rules of live projects. The entire migration process did not disrupt operations for financial institution users, and all business activities continued to run normally.
According to Progmat, following the migration, the processing speed for asset rights transfers has increased by approximately 3 to 5 times compared to the previous environment, and final confirmation time has been reduced to less than 2 seconds.
Progmat was initially incubated by Mitsubishi UFJ Trust and Banking, a subsidiary of MUFG—one of Japan’s largest banks—and began operating independently in October 2023. The platform is currently supported by institutions such as Mizuho Financial Group, the Tokyo Stock Exchange, and SBI Holdings. (The Block)
10:24
Svmuu News: According to Gate data, both WTI and Brent crude oil prices have continued to rise in the short term, with WTI crude breaking above $75 per barrel, up 5.01% on the day. Brent crude has surged 5.00% on the day and is currently trading at $79.74 per barrel.
Major crude oil futures contracts are also rising in the short term, with the SC crude oil contract extending its gains to 2.21% and currently trading at 481.5 yuan per barrel. Low-sulfur fuel oil (LU) has extended its gains to 1.92% and is currently trading at 4,195 yuan per metric ton.Heating oil extended its gains to 2.51% and is currently trading at 3,312 yuan per metric ton. Asphalt extended its gains to 3.13% and is currently trading at 3,960 yuan per metric ton.
In related news, Donald Trump. announced the reinstatement of sanctions against Iran.
10:22
Svmuu News: According to Lookonchain data, the U.S. "Bitcoin" ETF saw net inflows of 1,439 BTC today, with net inflows of 2,763 BTC over the past 7 days; the "Ethereum" ETF saw net inflows of 10,325 ETH, with net inflows of 46,862 ETH over the past 7 days.
10:20
Svmuu News: U.S. President Donald Trump: The Strait of Hormuz is open and will remain open, with or without Iran. We will resume Operation “Blockade Iran”—so named because it only prevents Iranian vessels or their clients from entering or leaving. All other nations will have fair and open access to the strait.From now on, the United States will be known as the “Guardian of the Strait of Hormuz.” However, as guardian and in the interest of fairness, the United States will charge a 20% fee on all cargo shipments to offset the full cost of providing security and stability to this turbulent region of the world. The relevant procedures and organizational efforts will begin immediately.Thank you all for your attention to this matter! (Jin Shi)
10:19
Svmuu News: According to OKX market data, JTO has broken through 0.67 UST and is currently trading at 0.6721 USDT, with a 24-hour gain of 10.55%.
Previously, Jito Network announced plans to allocate 100% of JTX revenue toward repurchasing and burning JTO on the secondary market to reduce the circulating supply, a program that will continue for at least one year.
10:13
Svmuu News: According to official reports, Jito Network plans to allocate 100% of JTX revenue toward JTO buybacks and burns for at least one year.
10:12
Svmuu News: According to data from MSX.COM, SpaceX's stock price fell 5.1% to $137.89 per share, with a total market capitalization of $1.81 trillion.
10:03
Svmuu News: According to Borderless’s Q2 2026 Stablecoin Payments Benchmark Report, the cost of cross-border stablecoin payments remained below interbank foreign exchange rates for three consecutive months in the second quarter, indicating that on-chain U.S. dollar settlement costs are further approaching—or even surpassing—those of the traditional financial system. Based on data analysis from 260 payment channels across 108 countries, the report shows that the median “Parity Gap” (the difference between the stablecoin delivery price and the interbank exchange rate) for stablecoin payments in the second quarter was negative 3.2 basis points (bps). In June, this metric reached its lowest level of the year at negative 5.9 bps, indicating that the overall cross-border delivery price of stablecoins was lower than the midpoint rate in the interbank market.
Borderless noted that for any cross-border payment mechanism, achieving a final settlement price lower than the interbank exchange rate is relatively rare. This data reflects the actual cost borne by customers—including transaction fees—rather than merely the foreign exchange execution price.
The report pointed out that the “transfer costs” of stablecoin payments are becoming commoditized. In the second quarter, the average cost of transferring $10,000 through mainstream channels was approximately $27, remaining near this level for five consecutive months. As competition among different service providers intensifies and the lowest quotes continue to fluctuate, market prices are gradually stabilizing.
As payment costs converge, the choice of service provider has become a new key cost factor. Borderless refers to this phenomenon as the “Routing Tax”: if a company relies on a single payment service provider over the long term, its costs may exceed the best rates available on the market. Data shows that for every $1 million in funds transferred, choosing a single provider may result in an additional cost of approximately $2,330 compared to the optimal route. (The Block)
10:00
Svmuu News: According to Gate data, New York gold futures fell below $4,050 per ounce, down 1.92% on the day.
09:56
Svmuu News UBS raised its price target for Intel from $83 to $121, raised its price target for Western Digital from $375 to $560, and lowered its price target for Alphabet, the parent company of Google, from $410 to $400.
09:52
Svmuu News: Industry insiders say that once the U.S. Senate reconvenes, it will enter a critical window of about four weeks that will determine whether the “Clarity Act” can be passed this year. The bill must complete the consolidation of the text, Senate debate, and a vote before the August recess, and secure at least 60 votes in the Senate. Current points of negotiation include whether to retain the exemption provisions for non-custodial developers in the “Blockchain Regulatory Certainty Act,” as well as the establishment of an “ethical framework” regarding conflicts of interest for officials related to President Trump’s crypto business interests. Meanwhile, the passing of Senator Lindsey Graham and the absence of Mitch McConnell have weakened the Republican vote count, heightening the importance of securing support from Democratic senators.
09:49
Svmuu News: As competition in the tokenization of capital markets intensifies, the Securities Transfer Association (STA) recently submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), warning that equity tokens issued by third-party entities could undermine market integrity and calling on regulators to prioritize tokenized securities authorized by publicly traded companies in future rulemaking.
The STA represents numerous Wall Street transfer agents, whose members believe that genuine tokenized stocks should be formally authorized by the issuing companies and recorded in official shareholder registers, rather than being “wrapped” token products created by independent platforms.
The association pointed out that third-party stock tokens may confuse investors about the actual equity interests they hold and expose them to platform credit, custody, and operational risks, while preventing them from establishing a direct legal relationship with the listed company. Therefore, any innovative exemptions, pilot programs, or permanent regulatory frameworks for tokenized securities should prioritize the issuer-backed model. The STA also urged the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities custody system struggles to meet the real-time transfer and settlement needs of on-chain securities, and recommended that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize digital securities infrastructure.
Currently, the global tokenized equity market—valued at approximately $2 billion—is primarily dominated by the third-party model, including products launched by Ondo Finance and Kraken, while firms such as Securitize and Figure have adopted the issuer-authorized model. (CoinDesk)
09:47
Svmuu News: Bank of America raised its price target for AMD from $550 to $620 and its price target for NXP Semiconductors from $275 to $310.
09:43
Svmuu News: According to data from MSX.COM, Micron’s stock price fell 7.2% to $908.73 per share, with a total market capitalization of $1.03 trillion.In addition, the Nasdaq-100 Index extended its losses to 1.5%, while the Roundhill Memory ETF plunged 8.6% in early trading.

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